Page 446 - 2018 White Paper on the Business Environment in China
P. 446
8 White Paper on the Business Environment in China
3.3 Fujian Province
Cross-Strait Trade Hub with Taiwanese idioms. All these measures were
aimed to reduce the commercial costs to Taiwan-
Directly facing Taiwan, Fujian’s coastline funded enterprises and help to attract more large-scale
provides easy access to companies and projects to Pingtan.
cross-strait trade and business. The province used to
be the sole hub for all air and sea transportation to Historically, Fujian’s key industries have been
Taiwan, but several years ago the government began agriculture, footwear and clothing, but in recent years
permitting direct links with other parts of the country, the area has increasingly focused on high-tech and
following which Guangdong and Jiangsu surpassed electronic goods. Fujian’s industrial clusters have
Fujian in terms of attracting investment from Taiwan. become stronger in electronic information, equipment
Nonetheless, Fujian stands to gain the most from the manufacturing and petrochemicals, with these industries
continuing improvement of cross-strait relations, both accounting for more than 60 percent of total industrial
economically and in terms of its importance to the state output value.
government. The main economic engines in Fujian are
Xiamen, Fuzhou, Quanzhou, Zhangzhou and Putian. A prime example of an equipment manufacturer
There are also a number of less well-known economic headquartered in Fujian is Lonking Holdings, one of the
gems hidden throughout the province. largest construction machinery manufacturers in China
(making and distributing loaders, road rollers, excavators
Economy and forklifts). In late 2011, the company invested RMB3.5
billion in an excavator manufacturing line in the Longyan
The economies of Fujian and Taiwan are closely Economic Development Zone. The project is estimated
related and complementary – with the pillar industries to produce 15,000 excavators annually.
of both regions consisting of electronics, petrochemicals
and machinery. If this favorable economic factor can To fuel such industry, Fujian Province has taken
be properly utilized, gains from the increased trade measures to promote energy production. For example, a
between the two regions could benefit both sides amid household waste-fuelled power plant in Fuqing City was
the ongoing global economic downturn. In May 2013, completed and entered operation in 2011.
the capital city of the province – Fuzhou – set up an
administration office to handle the certification of origin The provincial government focuses on attracting
for goods made in Taiwan. foreign investment in 13 industries, namely electronics
and information technology, machinery, petrochemicals,
In June 2012, China’s State Administration of Industry steel and non-ferrous metals, shipbuilding, new energy,
and Commerce issued 16 new policies to promote bio-pharmaceuticals (traditional Chinese medicine),
the development of the region and strengthen its logistics, new materials, construction materials and
bond with Taiwan. The new policies empowered local textiles. Other key industries in the province include
offices to directly handle registration applications and aquaculture and fisheries.
other business-related licenses for enterprises funded
with overseas capital, rather than going through the Fujian’s Major Industrial Products
Beijing office, and thereby making it more convenient National Rank (total 30 provinces/municipalities)
for Taiwanese enterprises to gain market access.
Additionally, the new policies allowed Taiwan-funded Product National rank
enterprises to use traditional Chinese characters on
outdoor advertisements and register company names Chemical Fiber 3
446
3.3 Fujian Province
Cross-Strait Trade Hub with Taiwanese idioms. All these measures were
aimed to reduce the commercial costs to Taiwan-
Directly facing Taiwan, Fujian’s coastline funded enterprises and help to attract more large-scale
provides easy access to companies and projects to Pingtan.
cross-strait trade and business. The province used to
be the sole hub for all air and sea transportation to Historically, Fujian’s key industries have been
Taiwan, but several years ago the government began agriculture, footwear and clothing, but in recent years
permitting direct links with other parts of the country, the area has increasingly focused on high-tech and
following which Guangdong and Jiangsu surpassed electronic goods. Fujian’s industrial clusters have
Fujian in terms of attracting investment from Taiwan. become stronger in electronic information, equipment
Nonetheless, Fujian stands to gain the most from the manufacturing and petrochemicals, with these industries
continuing improvement of cross-strait relations, both accounting for more than 60 percent of total industrial
economically and in terms of its importance to the state output value.
government. The main economic engines in Fujian are
Xiamen, Fuzhou, Quanzhou, Zhangzhou and Putian. A prime example of an equipment manufacturer
There are also a number of less well-known economic headquartered in Fujian is Lonking Holdings, one of the
gems hidden throughout the province. largest construction machinery manufacturers in China
(making and distributing loaders, road rollers, excavators
Economy and forklifts). In late 2011, the company invested RMB3.5
billion in an excavator manufacturing line in the Longyan
The economies of Fujian and Taiwan are closely Economic Development Zone. The project is estimated
related and complementary – with the pillar industries to produce 15,000 excavators annually.
of both regions consisting of electronics, petrochemicals
and machinery. If this favorable economic factor can To fuel such industry, Fujian Province has taken
be properly utilized, gains from the increased trade measures to promote energy production. For example, a
between the two regions could benefit both sides amid household waste-fuelled power plant in Fuqing City was
the ongoing global economic downturn. In May 2013, completed and entered operation in 2011.
the capital city of the province – Fuzhou – set up an
administration office to handle the certification of origin The provincial government focuses on attracting
for goods made in Taiwan. foreign investment in 13 industries, namely electronics
and information technology, machinery, petrochemicals,
In June 2012, China’s State Administration of Industry steel and non-ferrous metals, shipbuilding, new energy,
and Commerce issued 16 new policies to promote bio-pharmaceuticals (traditional Chinese medicine),
the development of the region and strengthen its logistics, new materials, construction materials and
bond with Taiwan. The new policies empowered local textiles. Other key industries in the province include
offices to directly handle registration applications and aquaculture and fisheries.
other business-related licenses for enterprises funded
with overseas capital, rather than going through the Fujian’s Major Industrial Products
Beijing office, and thereby making it more convenient National Rank (total 30 provinces/municipalities)
for Taiwanese enterprises to gain market access.
Additionally, the new policies allowed Taiwan-funded Product National rank
enterprises to use traditional Chinese characters on
outdoor advertisements and register company names Chemical Fiber 3
446
